Salem Investment Counselors Inc. Has $3.38 Million Stock Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Salem Investment Counselors Inc. lowered its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,184 shares of the financial services provider’s stock after selling 2,000 shares during the period. Salem Investment Counselors Inc. owned 0.58% of FRP worth $3,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FRPH. State Street Corp raised its stake in shares of FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after acquiring an additional 1,005 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after acquiring an additional 1,329 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FRP by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 1,845 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 4,983 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in FRP during the third quarter worth $155,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Insider Activity at FRP

In other news, Director Martin E. Stein, Jr. sold 1,029 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.00, for a total transaction of $33,957.00. Following the completion of the sale, the director now owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Milton, Jr. sold 960 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The disclosure for this sale can be found here. Insiders have sold 10,841 shares of company stock worth $339,972 in the last quarter. Company insiders own 22.80% of the company’s stock.

FRP Stock Up 1.1 %

FRPH traded up $0.33 during trading on Monday, hitting $29.07. The company’s stock had a trading volume of 10,793 shares, compared to its average volume of 22,049. The firm has a market capitalization of $553.20 million, a P/E ratio of 72.68 and a beta of 0.50. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $33.00. The stock’s fifty day moving average price is $30.91 and its 200-day moving average price is $29.86.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.